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we think of it as energy everywhere. >> on demand energy. >> because here we are. it's a rainy day. if we had a solar panel, what would happen? it's not working. but we're generating electricity and you're charging your phone right now. >> so you have the patents. what do you have? what do you own about this? >> sure. absolutely. so we do have patents in the u.s. and in asia, africa, and europe. but in addition to that we have an incredible team of engineers and scientists who are not only developing cook stoves but a whole range of energy technologies. and so where we really see our role as a company is in providing personal scale energy access that's affordable and safe and reliable. >> talk about affordability. how much is this? >> these stoves are $130. >> okay. now, you are in brooklyn, new york. but you don't make these here, right? >> we don't. >> you have a factory -- >> we manufacture -- we manufacture in asia. and then -- but it's all based on the designs and the engineering of the team right here in new york. >> now, i've looked at this in the videos. how long does it tak
we think of it as energy everywhere. >> on demand energy. >> because here we are. it's a rainy day. if we had a solar panel, what would happen? it's not working. but we're generating electricity and you're charging your phone right now. >> so you have the patents. what do you have? what do you own about this? >> sure. absolutely. so we do have patents in the u.s. and in asia, africa, and europe. but in addition to that we have an incredible team of engineers and...
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Dec 5, 2012
12/12
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the department doesn't believe going over the cliff will stifle energy command. today is the first day when the group got any lift at all. so what do we do? people are worried the economy is slowing because of the cliff. so what do we do? is it game over for equities should i take my -- hall of fame today and just go home? no, no, no. let me first say absolutely not. we simply have to get eveninger to a cliff resolution or to a situation where no one expects resolution. going with the latter, hey, that is new. let me walk you through here. today last week. last week, genuine hope a deal would get done. today, last week. if you recall, we heard from a host of executives. they met with the president. came out, the mic in their faces. they felt like compromise was in the air. compromise was real, imminent. even heard from the always skeptical ceo of goldman sachs. far apart. it could be hammered out without real difficulty if it were in the private sector. behind the scene, from skeptical to more positive. when i heard those execs touch base with them and spoke with
the department doesn't believe going over the cliff will stifle energy command. today is the first day when the group got any lift at all. so what do we do? people are worried the economy is slowing because of the cliff. so what do we do? is it game over for equities should i take my -- hall of fame today and just go home? no, no, no. let me first say absolutely not. we simply have to get eveninger to a cliff resolution or to a situation where no one expects resolution. going with the latter,...
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Nov 30, 2012
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ambassador susan rice has heavy jeismts in energy companies known for doing business with iran. and that is illegal. first up, breaking news on the fiscal cliff front tonight, president obama offered his opening bid in budget talks with republicans, and we have eamon javers with all the details. good even, eamon. >> house republican aides are saying this was a new offer from temperature think geithner on capitol hill for a long series of meegts. there were varying report of whether or not he had made a specific new offer. in fact harry reid told me that he hadn't made a specific new offer. that said, republican sources are laying out the offer they say they got from the white house today. take a look at some of the specifics. you'll see what's prompting the reaction earp just talking about. they say what the white house is offering is 1.6 trillion in tax increases up front, to continue the payroll tax credit or a similar policy, what they call a permanent increase in the debt limits, a one-years extension of extended jobless benefits plan, and at least $50 billion in new spendin
ambassador susan rice has heavy jeismts in energy companies known for doing business with iran. and that is illegal. first up, breaking news on the fiscal cliff front tonight, president obama offered his opening bid in budget talks with republicans, and we have eamon javers with all the details. good even, eamon. >> house republican aides are saying this was a new offer from temperature think geithner on capitol hill for a long series of meegts. there were varying report of whether or not...
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Dec 7, 2012
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. >>> a major green light from the energy department for oil and gas. believe it or not, it calls for more drilling here, more exports of our own resources, drill, drill, drill. we will have the details next up. and don't forget, free market capitalism is the best path to prosperity. just look at the energy industry, what is happening there, if government would just take its paws off it. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. sponsored report gave a full endorsement that more liquid natural gas exports will help our economy and more shale oil and gas production will make us energy independent. question, will the epa keep its snout out of this great breakthrough energy process? here now to tell us is john hoffmeister. john, what's this take on th
. >>> a major green light from the energy department for oil and gas. believe it or not, it calls for more drilling here, more exports of our own resources, drill, drill, drill. we will have the details next up. and don't forget, free market capitalism is the best path to prosperity. just look at the energy industry, what is happening there, if government would just take its paws off it. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about...
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Dec 7, 2012
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meanwhile our energy costs are plummeting courtesy of the cleaner, cheaper fuel, natural gas. so cheap here it can be liquefied in the united states and sold overseas at much lower prices. potential exporter dominion later tonight. that business unimpeded by washington could be brimming with jobs. a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington, all because of the need to sock it to the 2%, not the 1.5% and the over $400,000 crowd, the 1%, or the need to fulfill the anti-tax pledge of allegiance many of our congressmen made to my college chum grover norquist. i thought bill gates and chief justice roberts were powerful. he makes the other guys look like crash dummies. we're on the cusp of an economic boom in this country. but we have politicians that would rather create a recession, a mandated economic collapse, let's create a bear market versus rising above. and guess what? these enemies of wealth and job creation may get their way and win. yes, to borrow a phrase from my own rant last time we were on the brink of a washington-inspired financi
meanwhile our energy costs are plummeting courtesy of the cleaner, cheaper fuel, natural gas. so cheap here it can be liquefied in the united states and sold overseas at much lower prices. potential exporter dominion later tonight. that business unimpeded by washington could be brimming with jobs. a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington, all because of the need to sock it to the 2%, not the 1.5% and the over $400,000 crowd, the 1%, or the need to fulfill...
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Nov 30, 2012
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finally, duke energy, a nice energy company, putting up a nice yield but you have to strip out the volatility somehow. that's the prudent way to approach it. >> duke energy's up 1.66% today. ty, back down to you. >>> zynga, one of the big stocks to watch today, the stock getting crushed. that's one way to put it, down another almost 7% at $2.44. the social gaming site amending its deal with facebook allowing facebook to develop its own games. check out zynga shares this year, down about 75%. julia boorstin with the details now. >> well, tyler, it may not be game over but zynga does have a tough road ahead as it adjusts to a new world without preferential treatment from facebook. here's the issue. now zynga cannot drag gamers from facebook to its own platform, zynga.com, which puts a real damper on their vision to make zynga.com the ultimate destination for social gaming. zynga claims these changes give its own platform much needed freedom. why is that? because zynga no longer needs to use facebook log-ins, show facebook ads or show facebook for payments. that last one is key. zynga.com no lon
finally, duke energy, a nice energy company, putting up a nice yield but you have to strip out the volatility somehow. that's the prudent way to approach it. >> duke energy's up 1.66% today. ty, back down to you. >>> zynga, one of the big stocks to watch today, the stock getting crushed. that's one way to put it, down another almost 7% at $2.44. the social gaming site amending its deal with facebook allowing facebook to develop its own games. check out zynga shares this year,...
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Dec 6, 2012
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commissioned by the department of energy that gave its blessing to the idea of exporting the fuel via liquefied natural gas terminals, it's a positive for the natural gas stocks. maybe the biggest beneficiary and you might not have thought of it, dominion resources, letter "d." it's a major utility for providing electricity to customers in west virginia, pennsylvania, and north carolina. the company used to have an oil and gas business but sold that off years ago at the top. dominion now is a gas ticker as they hope to build an export facility in maryland and it seems more likely this project will be approved in the wake of yesterday's pro nat gas report. the company has a history of raising the dividend to boot. and because it's a utility, you don't have to worry about the impact on the fiscal cliff because utilities are as consistent as it gets while we know business itself is very skittish from the cliff and this company has a lot of business clients. the chairman, president, and ceo of dominion resources to hear more about where a company's headed. welcome back to "mad money." >>
commissioned by the department of energy that gave its blessing to the idea of exporting the fuel via liquefied natural gas terminals, it's a positive for the natural gas stocks. maybe the biggest beneficiary and you might not have thought of it, dominion resources, letter "d." it's a major utility for providing electricity to customers in west virginia, pennsylvania, and north carolina. the company used to have an oil and gas business but sold that off years ago at the top. dominion...
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Dec 4, 2012
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how about lynn energy, buy, sell or hold? >> linn energy is terrific. let's go to jude in my home state of new jersey. >> caller: how are you? >> okay. >> caller: what do you think of american eagle outfitters? >> take the money and run. you got a good one and now you can go. that's a hard business, that apparel business. i need to go to mary in new york. >> caller: i'm wondering about knight capital. >> i think limited upside. i think that tommy joyce, the ceo has done a remarkable job. helen in illinois, helen? >> caller: yeah, jim, hi. i would like to know what's your opinion of frontier communication. >> nothing but pain ahead on that one. i do not want you to buy it. and a nice run, a good chance to go. let's go to bill in alabama. bill? >> caller: jim, roll tide to you. dividend producing stock, sand ridge, mississippi. >> i like the sand ridge, mississippi, know it's got an outsized yield. that means it could be susceptible to being cut. the dividend could be susceptible to being cut. it will still be good because they have good assets behind it.
how about lynn energy, buy, sell or hold? >> linn energy is terrific. let's go to jude in my home state of new jersey. >> caller: how are you? >> okay. >> caller: what do you think of american eagle outfitters? >> take the money and run. you got a good one and now you can go. that's a hard business, that apparel business. i need to go to mary in new york. >> caller: i'm wondering about knight capital. >> i think limited upside. i think that tommy joyce,...
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Dec 1, 2012
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my question is with the recent news of a possible takeover on walter energy, what is your stance, sir, on the possible buy on the stock. >> i cannot recommen aon e wa l'so cko ora.o 1 le y, m, rll i see where the earnings on tether pharmaceuticals has been reduced. i wonder what you think the future of the stock looks like. >> sunshine that stock was down about 1.70 when that news came my take iso 1 d'tikitf1 and then sell sell sell. >> caller: a big booyah from bucks county, pa. >> that's where i lived for a long time. what's going on? my question is with the recent news of a possible takeover on walter energy, what is your stance, sir, on the possible buy on the stock. >> i cannot recommend anyone buying stock on a takeover basis when i think the fundamentals are not going the right way. the fundamentals are not going the right way. let's go back to florida. bart in florida. bart. >> caller: yes, jim, i really enjoy your program. i see where the earnings on tether pharmaceuticals has been reduced. i wonder what you think the future of the stock looks like. >> sunshine that stock was
my question is with the recent news of a possible takeover on walter energy, what is your stance, sir, on the possible buy on the stock. >> i cannot recommen aon e wa l'so cko ora.o 1 le y, m, rll i see where the earnings on tether pharmaceuticals has been reduced. i wonder what you think the future of the stock looks like. >> sunshine that stock was down about 1.70 when that news came my take iso 1 d'tikitf1 and then sell sell sell. >> caller: a big booyah from bucks county,...
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Dec 4, 2012
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just done an economics forum where that perhaps along with the cheapness of natural gas and energy in the united states and the future development of it, you know, are the two main proponents of growth going forward and so, house, you know, on a cyclical basis, not a longer term basis, i speak to the next one to two years is definitely a gross proponent in the u.s. economy. we are looking for, you know, u.s. growth of 1 to 2% and primarily because, you know, housing is now in an upswing as opposed to a down swing. >> we have a graphic for our viewer ares, thanks to our team for getting done quick, i just came across it, bill, the average home size in the u.s., not amount biggest in the world but gone up 30% since 1973, the average new car is 30,000 dollars. college costs out of control but never how anything how incomes have gone up. if anything, stayed the same or gone down. how the hell are we affording all this stuff? >> that is a great point. i would suggest and point out, in terms of evidence, the corporate profits as a percentage of gdp are at historical highs, 12 to 13% of gdp.
just done an economics forum where that perhaps along with the cheapness of natural gas and energy in the united states and the future development of it, you know, are the two main proponents of growth going forward and so, house, you know, on a cyclical basis, not a longer term basis, i speak to the next one to two years is definitely a gross proponent in the u.s. economy. we are looking for, you know, u.s. growth of 1 to 2% and primarily because, you know, housing is now in an upswing as...
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Dec 3, 2012
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energy and materials a little bit deceptive. for example, energy has only been up a few of the last decembers. it's had a couple of real terrific decembers. i want to note there's only one sector that's averaged down in december for ten years. believe it or not, it is tech which obviously had a terrible 2002 but also had a particularly terrible 2009. you can get some real volatility in the tech sector. >> you really have to look at the last ten years trading performance in some of these before you make a decision. >>> one of the big stories rolling out throughout the day -- a november to remember for the automakers. carmakers revving up some big sales but some of it was because of super storm sandy. our phil lebeau is behind t wheel in chicago. >> we knew this would be a better than expected november and look at these numbers. generally speaking with a few exceptions, all of the automakers reported better than expected results last month. gm being one of the exceptions, being just a little bit below expectations. what did we see
energy and materials a little bit deceptive. for example, energy has only been up a few of the last decembers. it's had a couple of real terrific decembers. i want to note there's only one sector that's averaged down in december for ten years. believe it or not, it is tech which obviously had a terrible 2002 but also had a particularly terrible 2009. you can get some real volatility in the tech sector. >> you really have to look at the last ten years trading performance in some of these...
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Nov 30, 2012
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that is a -- go ahead >> caller: my question is with the recent news of a possible takeover on walter energy, what is your stance, sir, on the possible buy on the stock. >> i cannot recommend anyone buying stock on a takeover basis when i think the fundamentals are not going the right way. the fundamentals are not going the right way. let's go back to florida. bart in florida. bart. >> caller: yes, jim, i really enjoy your program. i see where the earnings on tether pharmaceuticals has been reduced. i wonder what you think the future of the stock looks like. >> sunshine that stock was down about 1.70 when that news came out between 7:30 and quarter of 8 and it rallied hard. to up 13 cents. my take is this. i don't like it. i think it can go to 42. and then sell sell sell. okay. keep an eye on sunday's "meet the press" for yours truly. of course treasure secretary geithner to tell us about the fiscal cliff. if we hear that we can bridget, and i'll bet you we might, then i'm all about trying to find out the next special dividend stock. plan the analyst meetings and getting ready for what could
that is a -- go ahead >> caller: my question is with the recent news of a possible takeover on walter energy, what is your stance, sir, on the possible buy on the stock. >> i cannot recommend anyone buying stock on a takeover basis when i think the fundamentals are not going the right way. the fundamentals are not going the right way. let's go back to florida. bart in florida. bart. >> caller: yes, jim, i really enjoy your program. i see where the earnings on tether...
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Nov 30, 2012
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let's check out the latest news in energy and metals with sharon epperson at the nimax. >> traders on the nimax floor say they don't want to stick their necks out right now not ahead of the weekend not knowing what will happen with the u.s. budget resolution. there's too much uncertainty here and that's a big reason why you are looking at basically flat prices across the board in the energy complex. we're looking at oil prices basically in a holding pattern here under the 88.50 level for wti crude and around 110 for brent crude price. when you look at what's happening in oil prices over the course of the week, we're where we are a week ago and cliff on and cliff off talks keep traders with little incentive to trade the flat price. in terms of gold market, we're looking at the february contract here as the most active contract for gold and there we have seen a lot of price action in the gold market this week. we've seen record volume here at the cme in terms of the gold trade. prices right in the middle of the range they've been trading in around the 1725 mark. back to you guys. >> get
let's check out the latest news in energy and metals with sharon epperson at the nimax. >> traders on the nimax floor say they don't want to stick their necks out right now not ahead of the weekend not knowing what will happen with the u.s. budget resolution. there's too much uncertainty here and that's a big reason why you are looking at basically flat prices across the board in the energy complex. we're looking at oil prices basically in a holding pattern here under the 88.50 level for...
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Dec 6, 2012
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and in terms of energy after the bearish fundamental data we got from the energy department yesterday, we're continuing to see a risk off trade in the energy complex here and we're continuing to watch more than a dollar slide here. there's a lot to look forward to, david, on this front with the opec meeting next week as well. back to you. >> thank you very much sharon epperson. >> we did want to note for the viewers, a fairly large hedge fund that was in the news for not good reasons. diamondback capital management, a fund run by richard shimmal and larry kipanzi. richard schimel is the e ex-brother in law. lock capital management. two of those had already closed. level global has closed, in fact one of us founders, andrew chasen is on trial right now. diamondback went down to about $2 billion, but as of this morning, that is no long ter case. the hedge fund saying that given redemption requests came in about 26% of total asset ors $520 million. it would be left with $1.45 billion apparently that's just not enough to run the successful hedge fund. they did have 140 or so people workin
and in terms of energy after the bearish fundamental data we got from the energy department yesterday, we're continuing to see a risk off trade in the energy complex here and we're continuing to watch more than a dollar slide here. there's a lot to look forward to, david, on this front with the opec meeting next week as well. back to you. >> thank you very much sharon epperson. >> we did want to note for the viewers, a fairly large hedge fund that was in the news for not good...
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Nov 29, 2012
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in my notes here that you think that companies that are not putting 80% or more of their competitive energy into this third platform may become obsolete. >> oh, yeah, there's no question. because if you think about what's happening and the cloud is probably a good example. amazon is coming in right now with amazon web services and they are going in to the markets of companies like hp and ibm and microsoft, sap oracle, 60% to 80% margins and they are coming in with a 20% margin saying we're going to come in and use cloud technology, bring prices down for customers, reach much larger volumes and really almost break the business model of these traditional players. >> who are the cutting edge companies? you mentioned oracle certainly but who are some of the cutting edge companies that you see out there right now who really have a leg up in expenditures on a high-percentage basis to the third platform? >> well, there's no question. i talked about ibm and hp and those guys as if they're just the old school. these companies are also watching major efforts to be third platform leaders. so certainly
in my notes here that you think that companies that are not putting 80% or more of their competitive energy into this third platform may become obsolete. >> oh, yeah, there's no question. because if you think about what's happening and the cloud is probably a good example. amazon is coming in right now with amazon web services and they are going in to the markets of companies like hp and ibm and microsoft, sap oracle, 60% to 80% margins and they are coming in with a 20% margin saying...
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Nov 29, 2012
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ely lily, interestingly, devon energy. there's so many lists going around. so a lot of them do come in the month of december. guess by the way, check out the shares in ges. today the stock is get a nice boost. >> you talk about all the special dividends, in the meantime, fxc trading above 7.5%. spanish bonds amazing. italian, 1.48%. we're buying italian paper. >> for a good trade, that's got to be some of the good things that are out. >> we want to talk about things that are good that we forget about because when they're bad, we talked about them every day. >> europe is such a good trading partner, at least in the past based on where brussels was going. >> we had ten straight that were good. production numbers still good there. i'm a believer in china, but, boy, that stock market has been a gonner. >> record low in china even though the data has been getting marketedly better. it's fascinating to trade there. >> i'm a believer, but every day you come in and you feel smacked on the head. >> also troublingly, same store sales were only up 1% while inventories
ely lily, interestingly, devon energy. there's so many lists going around. so a lot of them do come in the month of december. guess by the way, check out the shares in ges. today the stock is get a nice boost. >> you talk about all the special dividends, in the meantime, fxc trading above 7.5%. spanish bonds amazing. italian, 1.48%. we're buying italian paper. >> for a good trade, that's got to be some of the good things that are out. >> we want to talk about things that are...
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Dec 5, 2012
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also kevin book who is managing director at clear view energy partners. and joe, let's start off talking about the dollar. i can't make heads or tails of why the dollar is under so much pressure. i know things are bad here, we're worried about the fiscal cliff. but look at what's happening in europe and it doesn't really create a whole lot of feeling about why it should be at these levels. >> the dollar has been reactive. the dollar and euro have been reactive for four years now. to almost the same stimulus, the same motivation for the traders. and that's whether people need safe haven, whether they need to move to treasuries and other things. and it's the same issue here. when things look bad in the summer. when spanish rates are up about 7.6%, then everyone is fleeing to the dollar. you get a lot of long dollar positions in the currency markets. and all that happens is when that subsides, then those positions are unwound. you're not really looking at a new trend here. you're not seeing something that has changed traders' minds about whether the dollar i
also kevin book who is managing director at clear view energy partners. and joe, let's start off talking about the dollar. i can't make heads or tails of why the dollar is under so much pressure. i know things are bad here, we're worried about the fiscal cliff. but look at what's happening in europe and it doesn't really create a whole lot of feeling about why it should be at these levels. >> the dollar has been reactive. the dollar and euro have been reactive for four years now. to...
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affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 m
affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading...
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Dec 6, 2012
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i didn't want to bring this up, even though doing so would raise energy prices. the report is expected to help shape the obama administration response to more than a dozen proposed pet projects. >> it's because it helps the economy and really helps the economy. >> you are a huge block, you're standing in the way of it. >> i've changed my mind about a month and a half, i got beat up by jack i think. >> by a lot of people. >> i still think there is an argument to be add that if you'relogical looking for energy independents you would keep some of the stuff here but i understand if you're looking at it from the prism of jobs this is something you want to tackle. >> we're a free trade country and part of it is you don't make a rule that says why can't regoing to say the food companies can't sell, can't export. you got to be willing to permit exports especially when as in the case here there aren't many things where the american price is a fifth of the world price. that's a huge opportunity. >> there was one line and i just want to throw it out to you that said they we
i didn't want to bring this up, even though doing so would raise energy prices. the report is expected to help shape the obama administration response to more than a dozen proposed pet projects. >> it's because it helps the economy and really helps the economy. >> you are a huge block, you're standing in the way of it. >> i've changed my mind about a month and a half, i got beat up by jack i think. >> by a lot of people. >> i still think there is an argument to be...
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Nov 30, 2012
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and then enjoy your great meal with the family at a high energy atmosphere. >> let me ask you, how many of these -- do you own some of these stores? how's your business model work? >> 99 peshz franchise. we have four company restaurants in the atlanta market that we use for training and testing. >> none in jersey yet? are there some here yet? >> there are restaurants in jersey but not company operations. they are all based in atlanta. >> i have never seen one. where would i see one in jersey? >> you will see one, everything from south jersey to north jersey. we have about 25 restaurants. >> how much is a franchise? >> a plan choice fee is $30,000 for a single store deal. >> has to be a lot involved with setting one up, though. >> are there -- mexican food, worst mexican food is great for me. i have asked -- i tried to get everyone to put mexican restaurants in my neighborhood. it is hard to find. i would eat it every night, i think. i'm not sure why. >> biggest challenge that we have with getting more restaurants open. today we have over 340 signed franchise agreements in our backlog. o
and then enjoy your great meal with the family at a high energy atmosphere. >> let me ask you, how many of these -- do you own some of these stores? how's your business model work? >> 99 peshz franchise. we have four company restaurants in the atlanta market that we use for training and testing. >> none in jersey yet? are there some here yet? >> there are restaurants in jersey but not company operations. they are all based in atlanta. >> i have never seen one....
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Dec 4, 2012
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let's check out latest news in energy and metals. sharon epperson at the nimax. >> i'm in the gold pit. gold below $1,700 an ounce. steep selling we see today in gold is reminiscent of what happened just a week ago. heavy volume. a lot of selling. last week the story was we saw a lot of put option activity. a lot of puts at the strike price around 1,700, and where are prices today? right in that range. it seems unusual that we're looking at exactly what was actually forecast by some of the put option activity we saw a week ago. we're watching the prices fall. some traders say it's a liquidation of many global macro funds who now before the end of the year want to take their profits here in the gold market and not only in gold, yes, gold is at a one-month low but we're looking at a sell-off in the natural market and natural gas looking at seasonal demand figure, storage levels with weaker prices across the board in commodities. >> sharon epperson, thanks for that. coming up next, a live interview with house majority whip kevin mccarth
let's check out latest news in energy and metals. sharon epperson at the nimax. >> i'm in the gold pit. gold below $1,700 an ounce. steep selling we see today in gold is reminiscent of what happened just a week ago. heavy volume. a lot of selling. last week the story was we saw a lot of put option activity. a lot of puts at the strike price around 1,700, and where are prices today? right in that range. it seems unusual that we're looking at exactly what was actually forecast by some of...
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Nov 29, 2012
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government suspension is over the energy giant's role in the 2010 deepwater horizon oil spill. you can see bp shares this morning still adding almost 0.2%. but underperforming the market. for more, we're joined by kneel atkins atkinson. this move seems pretty extraordinary. in your view, is it unusual for the u.s. government to respond this this aggressively in this case or do they have a basis for doing so? >> i think the u.s. government will never pass up an opportunity to basically kick bp when it can because bp has become the boogeyman of the last 2 1/2 years. ever since the original explosion, i think we've all been expecting that bp would find itself in great difficulty when it came to getting further exploration contracts in the gulf of mexico and indeed elsewhere in the u.s. >> it certainly wouldn't be surprising that they have a hard time getting the contracts even if they had come out the week or the month that this happened and said you're now sus pinneded until we sort this all out. what strikes me strange is the timing. we're two plus years after this event. why no
government suspension is over the energy giant's role in the 2010 deepwater horizon oil spill. you can see bp shares this morning still adding almost 0.2%. but underperforming the market. for more, we're joined by kneel atkins atkinson. this move seems pretty extraordinary. in your view, is it unusual for the u.s. government to respond this this aggressively in this case or do they have a basis for doing so? >> i think the u.s. government will never pass up an opportunity to basically...
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Dec 3, 2012
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that's also helping the energy sector and technical buying is also contributing because we have nimax crude future, wti contract above that 89.80 level that traders are watching. 112 was the session high. in terms of gold prices, we are looking at new buying for the beginning of the month in gold and that is helping the gold futures contract but also the gold etf market at a record level right now. we've seen retail investors interested in gold not only in buying etfs but also in gold coins and in terms of etf market we look at highest levels we've seen for the year here as we begin the new month. back to you, carl. >> all right. thank you so much for that. i want to draw your attention to technical levels on the s&p crossing above the 50-day moving average for the first time since october 22nd. the number, if you are interested, is 1420.83. >> wow. >> no 200 but a lot of people watch it. >> it does matter. i think when i was listening to bob talking about how germany 52-week high, france 52-week high, those countries are doing far more poorly than we are and makes sense that we could
that's also helping the energy sector and technical buying is also contributing because we have nimax crude future, wti contract above that 89.80 level that traders are watching. 112 was the session high. in terms of gold prices, we are looking at new buying for the beginning of the month in gold and that is helping the gold futures contract but also the gold etf market at a record level right now. we've seen retail investors interested in gold not only in buying etfs but also in gold coins and...
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Dec 7, 2012
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very poisoned the $600 billion problem when we have a multitrillion dollar problem where you want your energy placed. people are folding in longer-term fixes, right, that you can't agree with. you're never going to agree on the end of the year for them. why don't you put it off until next year and solve all of it in the context of a real multitrillion dollar renegotiation on what the long-term fiscal situation looks like? doesn't that make a lot more sense? >> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the opportunity for the president to eclipse the whole thing, i don't think he's going to but he could eclipse the whole scene. let's not relitigate '01 and '03 let's bridge to tax reform and move fo
very poisoned the $600 billion problem when we have a multitrillion dollar problem where you want your energy placed. people are folding in longer-term fixes, right, that you can't agree with. you're never going to agree on the end of the year for them. why don't you put it off until next year and solve all of it in the context of a real multitrillion dollar renegotiation on what the long-term fiscal situation looks like? doesn't that make a lot more sense? >> you would have to elect...
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Dec 7, 2012
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it's energy costs so much lower than around the world. labor costs -- look at these labor rates. people are not working for much more money. there is slack in the system. it's a developing story. >> tim cook in yesterday's interview on rockcenter said it's the lack of manufacturing skills. they have to look overseas to manufacture their products. i thought that was interesting. there's a notion here in the united states that it's always about cheap labor. cheap labor. that's why you go to china. not necessarily entirely the case. >> a lot of manufacturing jobs require a certain amount of math skill now that was not required 20 or 30 years ago. unfortunately we hear time and again from chief executives, they have hard time filling those fairly high level manufacturing jobs, high skill required manufacturing jobs. >> this is what ceo of general electric stressed in the jobs council for the president, listen up, mr. president. junior colleges is where you can make a difference. >> vocational skills. >> i don't feel it's -- look, washington is focused on different things across the b
it's energy costs so much lower than around the world. labor costs -- look at these labor rates. people are not working for much more money. there is slack in the system. it's a developing story. >> tim cook in yesterday's interview on rockcenter said it's the lack of manufacturing skills. they have to look overseas to manufacture their products. i thought that was interesting. there's a notion here in the united states that it's always about cheap labor. cheap labor. that's why you go to...